13F: Exxon Mobil Corp Com (XOM) Holder Geode Capital Management LLC Has Boosted Its Holding as Shares Declined

13F: Exxon Mobil Corp Com (XOM) Holder Geode Capital Management LLC Has Boosted Its Holding as Shares Declined

Geode Capital Management Llc increased its stake in Exxon Mobil Corp Com (XOM) by 4.38% based on its latest 2016Q3 regulatory filing with the SEC. Geode Capital Management Llc bought 1.52 million shares as the company’s stock declined 6.99% while stock markets rallied. The institutional investor held 36.30M shares of the integrated oil company at the end of 2016Q3, valued at $3.16 billion, up from 34.78 million at the end of the previous reported quarter. Geode Capital Management Llc who had been investing in Exxon Mobil Corp Com for a number of months, seems to be bullish on the $350.45B market cap company. The stock decreased 1.31% or $1.14 during the last trading session, hitting $85.93. About 150 shares traded hands. Exxon Mobil Corporation (NYSE:XOM) has declined 5.27% since June 7, 2016 and is downtrending. It has underperformed by 12.69% the S&P500.

Geode Capital Management Llc, which manages about $198.58 billion US Long portfolio, decreased its stake in American Airlines Group Inc (NASDAQ:AAL) by 177,357 shares to 4.76 million shares, valued at $173.86 million in 2016Q3, according to the filing. It also reduced its holding in I 6 1/2 (Prn) by 190,722 shares in the quarter, leaving it with 40,000 shares, and cut its stake in O 5 1/2 (Prn).

Geode Capital Management Llc is a Massachusetts-based institutional investor with more than $173.00 billion AUM in January, 2015. Geode Capital Management Llc is the 23th largest institutional investor in our database. Taken from Geode Capital Management latest Adv, the fund reported to have 57 full and part-time employees. Among which 27 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Insitutional Activity: The institutional sentiment decreased to 0.87 in Q3 2016. Its down 0.04, from 0.91 in 2016Q2. The ratio fall, as 77 funds sold all XOM shares owned while 806 reduced positions. 110 funds bought stakes while 657 increased positions. They now own 2.03 billion shares or 1.06% less from 2.05 billion shares in 2016Q2. Princeton Strategies Ltd has 64,523 shares for 1.77% of their US portfolio. Seabridge Invest Advsr Ltd Com holds 5,549 shares or 0.12% of its portfolio. Raymond James Associates has invested 0.84% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Kornitzer Capital Mngmt Incorporated Ks owns 609,099 shares or 0.96% of their US portfolio. Guardian Mgmt last reported 4.87% of its portfolio in the stock. The Pennsylvania-based Clark Cap Mgmt Grp Inc has invested 0.72% in Exxon Mobil Corporation (NYSE:XOM). Moreover, Guardian Life Ins Company Of America has 0.12% invested in Exxon Mobil Corporation (NYSE:XOM) for 15,507 shares. Moreover, Menora Mivtachim Hldgs has 1.39% invested in Exxon Mobil Corporation (NYSE:XOM) for 289,570 shares. Affinity Wealth Mngmt owns 7,739 shares or 0.44% of their US portfolio. Winfield Inc last reported 0.88% of its portfolio in the stock. The Colorado-based Arrowpoint Asset Management Lc has invested 0.22% in Exxon Mobil Corporation (NYSE:XOM). Goodwin Daniel L has 6,600 shares for 0.2% of their US portfolio. Tirschwell And Loewy holds 0.37% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 25,692 shares. Td Asset Mgmt Incorporated holds 0.55% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 3.65M shares. Doheny Asset Ca last reported 0.81% of its portfolio in the stock.

Insider Transactions: Since August 24, 2016, the stock had 0 buys, and 10 insider sales for $8.10 million net activity. 8,220 shares were sold by Rosenthal David S, worth $719,817 on Wednesday, December 7. Schleckser Robert N had sold 5,339 shares worth $463,892 on Monday, November 28. Another trade for 13,855 shares valued at $1.22M was made by Franklin Robert Stuart on Wednesday, August 24. Chapman Neil A sold $1.39 million worth of stock or 16,000 shares. 5,000 shares were sold by Ortwein Sara N, worth $454,384. Wascom Dennis G had sold 4,400 shares worth $404,800. Milton Bryan W also sold $957,460 worth of Exxon Mobil Corporation (NYSE:XOM) on Wednesday, December 7.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Investorplace.com which released: “Should You Hold on to Exxon Mobil Corporation (XOM) Stock?” on January 10, 2017, also Seekingalpha.com with their article: “Exxon Mobil: Playing Energy Safely In 2017” published on January 10, 2017, Businessinsider.com published: “Report details how ExxonMobil could benefit from a Trump presidency as its CEO …” on January 10, 2017. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Investorplace.com and their article: “Exxon Mobil Corporation (XOM) Stock Will Ride These Tailwinds in 2017” published on December 30, 2016 as well as Investorplace.com‘s news article titled: “Pay Yourself Smartly in Exxon Mobil Corporation (XOM) Stock” with publication date: December 23, 2016.

According to Zacks Investment Research, “Exxon Mobil Corporation’s principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. Exxon Mobil is a major manufacturer and marketer of basic petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon Mobil is engaged in exploration for, and mining and sale of coal, copper and other minerals.”

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Out of 18 analysts covering Exxon Mobil (NYSE:XOM), 5 rate it a “Buy”, 5 “Sell”, while 8 “Hold”. This means 28% are positive. $104 is the highest target while $52 is the lowest. The $81.74 average target is -4.88% below today’s ($85.93) stock price. Exxon Mobil has been the topic of 38 analyst reports since July 22, 2015 according to StockzIntelligence Inc. BMO Capital Markets initiated it with “Market Perform” rating and $78 target price in Friday, December 2 report. The company was upgraded on Thursday, August 20 by Vetr. The stock has “Conviction Buy” rating given by Goldman Sachs on Friday, March 18. Barclays Capital upgraded Exxon Mobil Corporation (NYSE:XOM) rating on Monday, October 12. Barclays Capital has “Equal-Weight” rating and $85 price target. The stock has “Conviction Buy” rating given by Goldman Sachs on Wednesday, July 22. The firm has “Strong-Buy” rating given on Wednesday, August 12 by Vetr. The company was maintained on Thursday, September 3 by Barclays Capital. UBS maintained Exxon Mobil Corporation (NYSE:XOM) rating on Monday, May 2. UBS has “Neutral” rating and $85 price target. As per Tuesday, January 26, the company rating was downgraded by Tudor Pickering. Citigroup maintained the stock with “Hold” rating in Wednesday, August 19 report.

XOM Company Profile

Exxon Mobil Corporation, incorporated on August 5, 1882, is an energy company. The Firm is engaged in the exploration and production of natural gas and crude oil, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Firm also makes and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products. The Firm operates through the Upstream, Downstream, Chemical, and Corporate and Financing divisions. The Upstream segment operates explores for and produces natural gas and crude oil. The Downstream segment makes and sells petroleum products. The Chemical segment makes and sells petrochemicals. The Company’s projects include the Kearl project, Heidelberg project, the Point Thomson project, the Hadrian South project, the Lucius project, Azeri-Chirag-Gunashli field, the Barzan project, the Arkutun-Dagi project, and the Upper Zakum 750 project, among others.

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